Jacqueline F. Engel Form 3 NUSCALE POWER / Jacqueline F. Engel ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Engel Jacqueline F.

(Last) (First) (Middle)

12725 SW 66TH AVENUE, SUITE 107

(Street)

PORTLAND OR 97223

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/05/2024

3. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Controller

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	1,007	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(1)	08/01/2026	Class A Common Stock	2,598	3.24	D
Employee Stock Option (right to buy)	(2)	07/28/2027	Class A Common Stock	1,732	3.41	D
Employee Stock Option (right to buy)	(3)	02/14/2028	Class A Common Stock	7,794	3.41	D
Employee Stock Option (right to buy)	(4)	03/31/2031	Class A Common Stock	6,062	6.41	D
Restricted Stock Unit(5)	(6)	(6)	Class A Common Stock	3,268	0	D
Restricted Stock Unit(5)	(7)	(7)	Class A Common Stock	7,112	0	D

Explanation of Responses:

1. The option became exercisable for 25% of the shares on August 1, 2017, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on April 1, 2020.

2. The option became exercisable for 25% of the shares on May 1, 2018, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on May 1, 2021.

3. The option became exercisable for 25% of the shares on March 1, 2018, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option became fully exercisable on March 1, 2021.

4. The option became exercisable for 25% of the shares on April 1, 2021, and for 1/48th of the shares at the end of each one-month period thereafter, so that the option will become fully exercisable on April 1, 2024.

5. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

6. The restricted stock units were granted July 8, 2022 and will vest in three annual installments beginning July 8, 2023. All restricted stock units that are not vested and nonforfeitable will be forfeited to the Company upon termination of employment or service.

7. The restricted stock units were granted February 28, 2023 and will vest in three annual installments beginning February 28, 2024. All restricted stock units that are not vested and nonforfeitable will be forfeited to the Company upon termination of employment or service.

Remarks:

	Patrick C. Cannon, attorney-in-fact for Jacqueline F. Engel	01/11/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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